Container freight rates have risen for the fourth week in a row, driven by increasing fuel costs and ongoing disruptions in the Middle East that are impacting global shipping.

This week, Drewry’s World Container Index (WCI) increased by 5%, reaching $2,279 for a 40-foot container. This rise reflects broader tightening conditions in both Asia-Europe and Transpacific shipping routes.

The most significant changes were noted on the Asia-Europe route, where rates from Shanghai to Genoa soared 12% to $3,474 per FEU. Rates from Shanghai to Rotterdam also went up by 3%, reaching $2,552. This increase comes as shipping companies continue to push for higher rates into April, with firms like CMA CGM setting targets around $3,500 per FEU for Freight All Kinds (FAK).

Despite the rising prices, shipping capacity has remained relatively stable. According to Drewry, only three blank sailings are scheduled for next week on the Asia-Europe trade, indicating that carriers are focusing on maintaining pricing rather than cutting capacity—at least for now.

In the Transpacific route, rates also increased, but at a slower pace. Shanghai to New York saw a 3% rise to $3,393 per FEU, while Shanghai to Los Angeles went up 4% to $2,686. There are six blank sailings planned for East and West Coast routes, showing some adjustments as carriers manage supply and cost pressures.

The main factor behind these changes is the ongoing crisis in the Strait of Hormuz. Disruptions in this key waterway, which accounts for nearly 20% of global oil flows, are causing a tight supply of bunker fuel and driving prices up.

Fuel shortages are becoming evident in major Asian bunkering hubs like Singapore and China, prompting carriers to change their operations. Strategies such as slow steaming, alternative refueling options, and emergency fuel surcharges are being increasingly utilized to combat rising costs.

With energy markets under strain and supply chain uncertainties continuing, Drewry predicts that spot rates will keep rising in the coming weeks, reversing the downward trend that characterized much of early 2026.